Great Mountain Forest Corporation
- Assets
- $13.1m
- Revenue
- $742.0k
- Investments
- $6.3m
- Employees
- 0
- Location
- Norfolk, CT
- Founding
- 04/1964
- Data as of
- 06/2023
- EIN
- 13-2998991
Organization Overview
Great Mountain Forest Corporation is located in Norfolk, CT. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Mountain Forest Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Great Mountain Forest Corporation generated $742.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $594.9k during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF FOREST AND WILDLIFE RESOURCES ON FOUNDATION-OWNED PROPERTY ACCORDING TO A FOREST STEWARDSHIP PLAN APPROVED BY THE STATE OF CONNECTICUT AND THE USDA FOREST SERVICE.
MAINTENANCE AND UPKEEP OF YALE FORESTRY CAMP, AND OUTREACH THROUGH THE HOSTING OF RESEARCHERS INVESTIGATING THE ECOLOGY OF THE FOREST.
GMF INTERNSHIP PROGRAM - FOUR INTERNS WERE EMPLOYED DURING THE YEAR ENDED JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Thompson From Jan 2023 Interim Execdir | 30 | $19,231 | |
Susan Maceachron To May 2023 Chair | 5 | $0 | |
John Perkins From May 2023 Chair | 5 | $0 | |
Heather Thomson To Jan 2023 Vice-Chair | 5 | $0 | |
John Coston From May 2023 Vice-Chair | 5 | $0 | |
Dalton Dwyer Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $230,974 |
| Interest on Savings | $18 |
| Dividends & Interest | $110,497 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $319,205 |
| Capital Gain Net Income | $314,184 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,021 |
| Profit on Inventory Sales | $1,648 |
| Other Income | $79,669 |
| Total Revenue | $742,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $19,231 |
| Other employee salaries and wages | $210,569 |
| Pension plans, employee benefits | $30,162 |
| Interest | $0 |
| Taxes | $5,042 |
| Depreciation | $26,126 |
| Occupancy | $59,710 |
| Travel, conferences, and meetings | $1,508 |
| Printing and publications | $1,993 |
| Other expenses | $133,785 |
| Total operating and administrative expenses | $594,853 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $594,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,995 |
| Savings and temporary cash investments | $288,014 |
| Net Accounts receivable | $26,914 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,436 |
| Net Investments - land, buildings, equipment | $5,875,598 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,462,623 |
| Net Land, buildings, and equipment | $552,578 |
| Other assets | $0 |
| Total assets | $13,141,363 |
| Accounts payable and accrued expenses | $16,867 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,867 |